EXCEPTIONAL GLENWOOD FAMILY HOME WITH TWO INCOME-GENERATING COTTAGES & SWIMMING POOL
Glenwood, Durban | R2,490,000 | 862m² Erf
5 Bedrooms | 5 Bathrooms | 2 Cottages | Swimming Pool
A rare opportunity to secure a spacious family home with the added benefit of two rental-generating cottages!
Situated in a peaceful cul-de-sac in Morris Place, sought-after Glenwood, this freestanding property offers exceptional versatility, generous accommodation and an attractive additional income stream.
The two separate one-bedroom cottages currently generate approximately R8,000 per month in rental income, making this an appealing option for homeowners looking to supplement their bond repayments or investors seeking additional returns.
THE MAIN RESIDENCE
The spacious main house offers comfortable family living with:
3 generously sized bedrooms with built-in cupboards
3 bathrooms, including a full main en-suite
Fully fitted kitchen with granite worktops and ample cupboard space
Space for a washing machine and dishwasher
Comfortable lounge
Separate dining room
Dedicated study or work-from-home area
Laminated flooring
TWO SELF-CONTAINED COTTAGES
An excellent bonus is the addition of two separate one-bedroom cottages, each with its own bathroom.
Currently generating approximately R8,000 per month, these cottages offer flexibility for:
Additional rental income
Extended family or elderly parents
Teenagers or young adults
Guest accommodation
Home offices or professional workspaces
OUTDOOR LIVING
Enjoy your own enclosed garden with a large swimming pool and plenty of space for entertaining, relaxing and family enjoyment.
The property is fully enclosed and offers a secure environment for children and pets.
SECURITY & PARKING
Electric fencing
CCTV surveillance
Alarm system
Secure access
2 lock-up garages
1 undercover carport
Additional off-road parking for approximately 3 vehicles
ADDITIONAL FEATURES
Fibre-ready
Prepaid electricity
Municipal water, billed according to usage
Pet-friendly
Freestanding property
862m² erf
Rates and Taxes: Approximately R3,600 per month.
THE INVESTMENT ADVANTAGE
Imagine living in the main residence while receiving approximately R8,000 per month from the two cottages.
Alternatively, accommodate extended family while maintaining privacy and independence, or explore the property's full investment potential.
With its generous accommodation, existing rental income and desirable Glenwood location, this property offers considerably more than just a family home.
Conveniently situated close to schools, shopping centres, restaurants, major transport routes, Durban CBD and the coastline.
ASKING PRICE: R2,490,000
Seller is open to reasonable offers. Cash buyers are welcome.
NEED BOND FINANCE? We can help you...easy breezy